Short answer
SKYX Platforms Corp. (SKYX) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $24M (up 7.8% year over year) with net income of −$8M.
Q3 2025 key financials · XBRL
- Revenue
- $24M
- +7.8% YoY · +3.6% QoQ
- Net income
- −$8M
- +11.7% YoY · +13.7% QoQ
- Operating margin
- -28.3%
- EPS (diluted)
- −$0.07
- +0.0% YoY · +12.5% QoQ
Source: XBRL data from the SKYX Platforms Corp. (SKYX) Q3 2025 10-Q on SEC EDGAR. USD.
SKYX Platforms Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q3 revenue $23.9M, up 7.8% YoY from $22.2M, driven by increased lighting and heating units sold
- Q3 gross margin 31.7% vs 30.9% YoY; operating margin (28.3%) vs (34.3%)
- Best-performing product line: lighting and heating products, with increased unit sales; no segment revenue breakdown disclosed
- Cash, equivalents and restricted cash $9.8M vs $15.5M at year-end; nine-month operating cash use $11.3M vs $13.0M
- Outlook: higher 2025 revenue expected from advanced and smart products; headwinds include tariffs, supply constraints and geopolitical conflicts
Risk Factors
- New monetary and trade-policy risk triggered by tariffs, rapidly changing trade postures, and relatively high interest rates
- Manufacturing cost exposure from tariffs, supply-chain constraints, transportation costs, and potential U.S. production relocation
- Margin risk if manufacturers stop absorbing tariff increases or customer pricing cannot offset higher costs
- Regulatory and geopolitical exposure from government regulations, conflicts, and unstable global banking conditions
- Near-term operating risk from employee availability and wage increases during commercial manufacturing ramp-up
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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